Exactly. So now do you think he is going to allow you to share in his potential spoils of war without SUBSTANTIAL DILUTION? If the OS represents even 5% of the NEWCO you are talking 2 Billion shares of dilution.
Nobody leaves 10% for a defunct shell. 5% max. So he either reverses it and adds back his shares or he dilutes the hell out of it and then reverses it.
Either way you guys are getting harpooned in the ass if you hold it longer term.
That the upside.
The downside is the SEC shuts it down since they havent filed in 18 mos. or he cant get the job done
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